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Property Description

Builders, Developers, and Contractors - Exceptional Value-Add Opportunity! Prime opportunity to acquire an under-market 4,846-square-foot buildable parcel in the next upward-trending sought-after Mid-Los Angeles area, surrounded by ongoing redevelopment and new construction. This property offers tremendous upside potential for investors, builders, and developers seeking their next project in a rapidly evolving neighborhood. The site is currently a two-on-one property: a front 2-bedroom, 1-bath single-family residence and a detached rear 1-bedroom, 1-bath single-family residence. It offers immediate rental income while development plans are explored. Nearby properties have recently completed or are currently constructing three- and four-unit residential developments, illustrating strong demand and a redevelopment trend throughout the area. Additional features include a long private driveway leading to a detached two-car garage, a separate storage room, ample on-site parking, and a lot configuration that may lend itself to a variety of future development possibilities (buyer to verify all zoning, density, and development potential with the appropriate agencies). Whether you're looking to renovate, expand, hold for income, or pursue a ground-up development project, this property presents a rare opportunity to capitalize on one of Los Angeles' most active infill markets. Conveniently located near major transportation corridors, employment centers, shopping, dining, and entertainment. Bring your vision and unlock the full potential of this outstanding investment opportunity.

Overview

Property Status
For Sale
Lot Size
4,846 Sq.Ft.
MLS ID
PW26133917
Property Type
Multi-Family
Year Built
1947

Features & Amenities

Neighborhood
Los Angeles
Architecture Styles
Traditional
View Description
Neighborhood
Stories
1
Garage Spaces
2.0
Water Source
Public
Utilities
Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Pool
None
Roof
Shingle
Lot Features
Front Yard, Landscaped, Level
Parking
Driveway, Garage
Heat Type
None
Air Conditioning
None
Laundry Room
See Remarks
Fireplace
None
Other Interior Features
Breakfast Bar, All Bedrooms Down
Sewer
Public Sewer
Substructure
Raised
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
School District
Los Angeles Unified
Sales Price
$899,000

Downloads

2213 S Spaulding

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for your interest in 2213 S Spaulding, Los Angeles, CA 90016

2213 S Spaulding
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